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Solicitors
Comments
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The target exchange date should be on your reservation form.
No. In most areas the searches can't be done until the purchaser's solicitor receives the draft contract from the vendor's solicitor with plan. The LA requires the plan in many cases, I'm told.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
That date was 31st March 17,0
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So you have to aim to have your mortgage offer, all your searches done and back and your deposit in the hands of your solicitor ahead of that date so you can exchange contracts by then.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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kingstreet wrote: »The target exchange date should be on your reservation form.
No. In most areas the searches can't be done until the purchaser's solicitor receives the draft contract from the vendor's solicitor with plan. The LA requires the plan in many cases, I'm told.
Agree with this. If it's a new build then there's no existing address/property to search against, therefore a plan is essential.
Three months is normal for a purchase. Searches alone can take several weeks to come back.0
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